Erscheinungsdatum: 19.09.2015, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: The Relationship Between CSR and CFP, Titelzusatz: A Study of Industrial Product Companies Listed on Bursa Malaysia, Autor: Luo, Dudu, Verlag: LAP Lambert Academic Publishing, Sprache: Englisch, Rubrik: Betriebswirtschaft, Seiten: 200, Informationen: Paperback, Gewicht: 314 gr, Verkäufer: averdo
The Effects of Price Limits on Bursa Malaysia During 2007-2008 Crisis ab 49 € als Taschenbuch: The Effects of Price Limits on the Kuala Lumpur Stock Exchange (Bursa Malaysia) Before and After the 2007-2008 Crisis. Aus dem Bereich: Bücher, English, International, Gebundene Ausgaben,
The Relationship Between CSR and CFP ab 41.9 € als Taschenbuch: A Study of Industrial Product Companies Listed on Bursa Malaysia. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft,
The Effects of Price Limits on Bursa Malaysia During 2007-2008 Crisis ab 49 EURO The Effects of Price Limits on the Kuala Lumpur Stock Exchange (Bursa Malaysia) Before and After the 2007-2008 Crisis
One type of circuit breaker is price limit which is used in future markets and other stock exchanges of emerging markets in order to prevent markets from the excessive volatility, market controlling, crash occurrence and enhancing the market stability. The range of price limits in most of stock exchanges has changed with specific reasons. Researchers have different opinions about the effects of applying the price limit system and positive or negative effects which are caused by using this system do not still confirmed in conducted researches definitely. This paper examines the effects of price limits on the Kuala Lumpur Stock Exchange before and after 2007-2008 crisis by testing the volatility spillover and trading interference hypotheses. The statistical results of study do not support the tested hypotheses since smaller volatility is experienced by stockshit category during postlimit days compared to other categories and the trading volume of stockshit does not increase after price-limit-hits that it leads to understand the concept that this system does not prevent rational trading on price-limit-hit day.
In 2001, Malaysia experienced two important events which have significant implications for firms' corporate governance in the country. The first is the integration of the Malaysian Code on Corporate Governance (MCCG) as part of Bursa Malaysia Listing Rules, and the second is the establishment of the Minority Shareholder Watchdog Group (MSWG), which emphasises the role of institutional investors in promoting shareholders activism. Spurred by these significant changes in the corporate governance landscape, this study examines the relationship between corporate governance structures, institutional ownership and firm performance for 440 Bursa Malaysia listed firms from 1999 to 2002. Our panel analysis finds that the corporate governance reform in Malaysia has been successful, with a significant improvement in governance practices. The implementation of the MCCG has a substantial effect on shareholders' wealth, increasing stock prices by an average of about 10%. In addition, we find that institutional investors have a positive impact on firms' corporate governance practices, and the relationship is strengthen in periods subsequent to the governance reform.
Director-Auditor Link and Audit Quality aims to examine the effects of director-auditor link on audit services fee, non-audit services fee and audit opinion. Based on the attachment theory, it is argued that director-auditor link created by interlocking directorates enhances the mutual dependence and trust between the directors and their auditor and this mutuality is expected to influence audit services fee, non-audit services purchased from auditor and audit opinion. Analyses are conducted using data of 759 listed companies on the Bursa Malaysia in 2007 and a two-stage regression method is employed to accommodate the simultaneous equation model. The results show that director-auditor link has a significant negative relationship with audit services fee and significant positive relationships with non-audit services fee purchased from auditor and the issuance of unqualified audit opinion. Thus, the results provide initial evidence on the importance of reviewing the director-auditor link practices in the business environment.
This book examined the relationship between earnings management and performance of acquiring firms in Malaysia during period of 2004-2010. Earnings management measured by discretionary accruals derived from modified Jones model and firm's performance estimated by monthly Cumulative Abnormal Return. Firms are selected from both listed cash and share acquirers firms on Bursa Malaysia in the period of 2004-2010. This study consists of two steps. In the first step, it examines whether acquirer firms manipulate their earnings prior to acquisition announcement dates and in the second step, it measures the effects of earnings management on performance of acquirer firms by means of simple regression. The results indicated that share acquirer firms unlike cash acquirers manipulated their earnings preceding acquisition announcement date. Furthermore, they presented a negative relationship between earnings management preceding and performance of firms following the acquisition date for share acquirer firms.